New Member Introduction!

[Garret Ball]

Hello everyone! I am new to this site and to real estate investing. During this past year, I have worked as a carpenter. I am thankful for the opportunity that I have to learn construction. When I started working for this company, I had very limited construction skills. Now, due to our variety of tasks, I am competent in the areas of excavation, concrete, wood framing, flooring, roofing, some electrical, and some plumbing. We have been working on building two triplexes. The thing is, I make very low money per hour and I can't go on like this. I want to use my abilities to buy rental properties. I also would be open to house flipping too. Right now I have about 10k that I could put as a down payment. My plan of action is to start attending REIA meetings in Austin, meet up with local investors, contact real estate agents, and consult with a law firm. My goal is to acquire two cash flow properties and potentially complete one flip by next year. Does anyone have any advice on what a better plan would be? I'm going to be starting a new full time job with a monthly income of 2700. I have no rent expenses now and have considered buying a camper to save money for now. I thought of a good idea and that would be to start flipping houses and pull the camper to each house while I work on it. I could hook up to the utilities of that house until its complete. Also, I have considered getting an FHA loan and living in a MFR for a little while. Otherwise, I could get attempt to get a conventional loan. Thanks for any advice, looking forward to discussion with you all!

[Jennifer Petrillo]

Not sure about your FHA question, but Brandon Turner has written a lot about the above method, a combo of house hacking and BRRRR. It's a great way to start for people who don't have a lot of money upfront and don't mind having a roommate. You may not have money, but you have skills--you need to leverage them to get you into the game. That is your advantage. You may be able to find someone to partner with who can provide the funding while you do the work, then split the profits and move on to the next one....